BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0074%/8h= −8.1% APRnext payment −$0.74 per $10,000 · paid last 24h −0.016%

Price spread now: Bitget against Paradex−0.047%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$180.181% of the position

Long on Paradex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.037%−$4 on $10k

Price spread, last 7 days−0.050%−$5 · spread now −0.047%, 7d avg −0.012%

Together, before fees−0.087%+ Points / potential airdropParadex: Active · farm board−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.035% cheaper against Paradex than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.012%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BTC-USD-PERP	86,628	0.0100	pay 0.0100% / 8h	2h 49m	$4.8M	$8.2M	50x
Short	Bitget BTCUSDT	86,587.7	0.0026	get 0.0026% / 8h	2h 49m	$2.94B	$5.08B	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Paradex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ParadexbpFee BitgetbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$15.48
Price spread: −0.047% → −0.012%: −$3.45
Slippage, 4 orders: −$2.13
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$37.06
Costs to cover: 0.181%
Break-even: never at this rate

Slippage from Paradex: live order book, 5 min ago; Bitget: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Paradex live order book, 5 min ago	0.56 bp	2.6 bp −$3	2.6 bp −$26	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	0.01 bp	6.0 bp −$6	6.9 bp −$69	8.2 bp −$819	doesn't fit

BTC on 56 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl BTC	−0.0335%	43m	86,625	−0.003%	$426K	$25.1M	6.7x	as long as short
Aftermath Perps BTCUSD	−0.0200%	1h	86,707.1	+0.091%	$85K	$188K	20x	as long as short
Phoenix BTC	−0.0103%	1h	86,701	+0.084%	$2.2M	$12.4M	40x	as long as short
dYdX BTC-USD	−0.0090%	1h	86,651.2	+0.027%	$18.0M	$20.0M	50x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,590	−0.044%	$9K	$3K	50x	as long as short
KuCoin XBTUSDTM	−0.0002%	8h	86,577.8	−0.058%	$844.6M	$709.2M	125x	as long as short
01 Exchange BTCUSD	0.0000%	1h	86,606.1	−0.025%	$361K	$2.5M	50x	as long as short
Deribit BTC-PERPETUAL	0.0000%	1h	86,629.6	+0.002%	$921.2M	$1.39B	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0005%	1h	86,614.5	−0.016%	$36.6M	—	200x	as long as short
Aster BTCUSDT	+0.0013%	8h	86,577.6	−0.058%	$505.5M	$1.16B	200x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BTC-USDT	+0.0020%	8h	86,591.8	−0.042%	—	$1.60B	—	as long as short
Reya BTCRUSDPERP	+0.0021%	1h	86,587.6	−0.047%	$6.7M	$144.0M	40x	as long as short
Phemex BTCUSDT	+0.0024%	8h	86,586.9	−0.047%	$149.5M	$469.6M	150x	as long as short
Bitget BTCUSDTshort	+0.0026%	8h	86,587.7	−0.047%	$2.94B	$5.08B	150x
MEXC BTC_USDT	+0.0047%	8h	86,587.4	−0.047%	$5.19B	$5.63B	500x	as long as short
Binance BTCUSDT	+0.0048%	8h	86,591.9	−0.042%	$9.44B	$24.35B	150x	as long as short
Aevo BTC-PERP	+0.0048%	1h	86,594.3	−0.039%	$2.4M	$1.3M	20x	as long as short
Injective BTC/USDC PERP	+0.0049%	1h	86,732	+0.120%	$315K	$26.8M	52x	as long as short
OKX BTC-USDT-SWAP	+0.0060%	8h	86,599.3	−0.033%	$2.57B	$12.72B	100x	as long as short
RISEx BTC/USDC	+0.0063%	1h	86,600.2	−0.032%	$9.2M	$42.2M	25x	as long as short
Gate BTC_USDT	+0.0064%	8h	86,591	−0.043%	$5.85B	$10.57B	200x	as long as short
Bybit BTCUSDT	+0.0077%	8h	86,587.3	−0.047%	$5.27B	$9.70B	150x	as long as short
Variational Omni BTC	+0.0088%	8h	86,626.8	−0.001%	$159.8M	$564.2M	—	as long as short
Lighter BTC	+0.0096%	1h	86,604.6	−0.027%	$172.0M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,612.3	−0.018%	$24.0M	$152.8M	50x	as long as short
GRVT BTC_USDT_Perp	+0.0096%	8h	86,635.2	+0.008%	$217.5M	$189.0M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,578	−0.058%	$8.5M	$52.1M	100x	as long as short
Orderly PERP_BTC_USDC	+0.0099%	8h	86,608.2	−0.023%	$2.4M	$8.4M	100x	as long as short
SoDEX BTC-USD	+0.0099%	1h	86,592	−0.042%	$60.4M	$336.5M	40x	as long as short
Paradex BTC-USD-PERPlong	+0.0100%	8h	86,628	long leg	$4.8M	$8.2M	50x
Katana Perps BTC-USD	+0.0100%	8h	86,579	−0.057%	$200K	$6.8M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,600	−0.032%	$21.8M	$237.5M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,650	+0.025%	$3.83B	$5.10B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,620.7	−0.008%	$40.9M	$485.8M	50x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,630	+0.002%	$3.9M	$18.8M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,667.5	+0.046%	$7.4M	$95.6M	40x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,665	+0.043%	$572.2M	$23.5M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,599.1	−0.033%	$38.2M	$148.1M	75x	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,704.2	+0.088%	$280.1M	$946.6M	100x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,636.4	+0.010%	$141.8M	$322.7M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,664	+0.042%	$30.8M	$205.9M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,656.9	+0.033%	—	$11.6M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,588	−0.046%	$11.0M	$13.7M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,587.2	−0.047%	$198K	$3.4M	20x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,611	−0.020%	$140K	$619K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,596	−0.037%	$30.0M	$61.5M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,576.6	−0.059%	$3.4M	$5.6M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,578.8	−0.057%	$2.30B	$956.7M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,580.8	−0.055%	$46.6M	$229.3M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,613.5	−0.017%	—	$98.1M	500x	as long as short
Kalshi KXBTCPERP	+0.0106%	8h	86,635	+0.008%	$8.8M	$724.4M	6.4x	as long as short
Kraken Futures PF_XBTUSD	+0.0117%	1h	86,632.7	+0.005%	$192.1M	$926.7M	100x	as long as short
Coinbase International BTC-PERP-INTX	+0.0120%	1h	86,642.1	+0.016%	$131.9M	$5.91B	50x	as long as short
BloFin BTC-USDT	+0.0168%	8h	86,592.1	−0.041%	$418.0M	$642.6M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0181% / S −0.0198%	1h	86,609.5	−0.021%	$15.4M	—	200x	as long as short
Hibachi BTC/USDT-P	+0.0208%	1h	86,672.4	+0.051%	$598K	$7.2M	30x	as long as short